TEPCO interested in Texas nuclear project


CSA Z463 Electrical Maintenance -

Our customized live online or in‑person group training can be delivered to your staff at your location.

  • Live Online
  • 6 hours Instructor-led
  • Group Training Available
Regular Price:
$249
Coupon Price:
$199
Reserve Your Seat Today

TEPCO investment in STP 3 and 4 faces uncertainty as CPS Energy and NRG Energy clash over project costs, risking federal loan guarantees for the Bay City nuclear expansion using ABWR reactors under NINA.

 

The Important Points

A potential TEPCO stake in South Texas Project Units 3 and 4, now clouded by CPS-NRG litigation and loan risks.

  • TEPCO considered as partner in STP expansion near Bay City, Texas.
  • CPS Energy and NRG's NINA dispute over project cost estimates.
  • Federal $18.5B loan guarantees at risk amid litigation.
  • ABWR technology planned for the two new reactor units.

 

NRG Energy may be locked in battle with San Antonio utility CPS Energy over the expansion of the South Texas Project nuclear power plant, but it appears there's another party waiting in the wings: Japanese utility giant Tokyo Electric Power Co.

 

A spokesman for the company says it is mulling an investment in the two-reactor expansion to the existing plant near Bay City, as new reactor applications continue to be filed, according to Reuters.

The project is one of four on a short list for $18.5 billion in federal loan guarantees, but a dispute over the project costs has CPS trying to pull out of the joint venture it is in with NRG Energy to build the new units. A multi-billion dollar lawsuit is getting underway now, which, alongside delays at another Texas project, threatens to pull the project out of contention for the loans.

Given the legal brawl underway, a TEPCO deal is a bit of a side issue at the moment, as NRG expansion plans face uncertainty, said NRG CEO David Crane in a statement:

"Given the dispute between CPS and NINA, and related settlement news, the subject of additional partners in the project is not particularly relevant at present. Tokyo Electric, as the largest owner and operator of ABWR plants in the world, has acted for three years as a consultant to CPS Energy and NINA in respect of the STP 3 and 4 project. For our part at NRG and NINA, we have the highest respect for Tokyo Electric and believe that they strengthen the project in any capacity in which they participate."

 

Related News

Related News

Tesla reduces Solar + home battery pricing following California blackouts

Tesla Solar and Powerwall Discount offers a ~10% installation price cut amid PG&E blackouts, helping…
View more

Brazilian electricity workers call for 72-hour strike

Eletrobras Privatization Strike sparks a 72-hour CNE walkout by Brazil's electricity workers, opposing asset sell-offs…
View more

Power industry may ask staff to live on site as Coronavirus outbreak worsens

Power plant staff sequestration isolates essential operators on-site at plants and control centers, safeguarding critical…
View more

Germany extends nuclear power amid energy crisis

Germany Nuclear Power Extension keeps Isar 2, Neckarwestheim 2, and Emsland running as Olaf Scholz…
View more

Atlantic Canadians less charged up to buy electric vehicle than rest of Canada

Atlantic Canada EV adoption lags, a new poll finds, as fewer buyers consider electric vehicles…
View more

California electricity pricing changes pose an existential threat to residential rooftop solar

California Rooftop Solar Rate Reforms propose shifting net metering to fixed access fees, peak-demand charges,…
View more

Sign Up for Electricity Forum’s Newsletter

Stay informed with our FREE Newsletter — get the latest news, breakthrough technologies, and expert insights, delivered straight to your inbox.

Electricity Today T&D Magazine Subscribe for FREE

Stay informed with the latest T&D policies and technologies.
  • Timely insights from industry experts
  • Practical solutions T&D engineers
  • Free access to every issue

Live Online & In-person Group Training

Advantages To Instructor-Led Training – Instructor-Led Course, Customized Training, Multiple Locations, Economical, CEU Credits, Course Discounts.

Request For Quotation

Whether you would prefer Live Online or In-Person instruction, our electrical training courses can be tailored to meet your company's specific requirements and delivered to your employees in one location or at various locations.